This is the sixth post in a Friday series on “raising VC money”. For the list of topics we are covering, click here. In this post, we’ll focus on “how to negotiate a VC term sheet.” Let’s say that after interacting with a VC, you’re at last invited to the all-critical partners’ meeting (more here)
Category: Technology and VC
Seed companies are NOT lottery tickets
Foundry’s Seth Levine recently had a great blog post about what can happen when VCs do too many seeds (more here): I’m seeing an increasing number of Series A pitches where a company has at least one venture investor in its seed, the business is very clearly doing well and where the entrepreneur is simply
New VC data: decline in seeding
Flybridge’s Michael Greeley has a great write-up on newly-released data from the National Venture Capital Association (click here). In particular, he writes about the seed market: “End of the Great Seed Experiment” which is something I have been saying for the better part of a year – there was only $141MM invested in 53 deals
New investment: Cloze
We made a new investment in Cloze and really like founders Dan Foody and Alex Cote. More here.
Raising VC money: how to handle the VC partners’ meeting?
This is the fifth post in a Friday series on “raising VC money”. For the list of topics we are covering, click here. In this post, we’ll focus on “how to handle the VC partners’ meeting.” It is a unique meeting. It’s a smaller version of pitching the Supreme Court. So, you’ve done some research
Portfolio company Boundless raises $8MM
After some fantastic beta data, our company Boundless has decided to go for it. Venrock led the round. The company is offering free college text books to students. When the team first pitched us, we were amazed that only about 11% of a textbook’s price goes to the author. The rest funds various logistics, inventory